Florida folded crypto into its money services framework rather than building a bespoke regime: 2022 legislation defined virtual currency in Chapter 560 and clarified that intermediating its transmission requires an Office of Financial Regulation money transmitter license, effective January 2023, which captured fiat-touching exchanges while leaving pure two-party crypto activity outside. The state pairs that light structure with aggressive pro-industry posture: CFO-led proposals for state investment in bitcoin advanced in the 2025 session but died in May 2025, a CBDC-hostile stance was written into the state's UCC definitions in 2023, and enforcement focuses on fraud through the securities and consumer-protection statutes rather than platform licensing.
The instruments
Money services coverage of virtual currency
Defines virtual currency and requires a money transmitter license for intermediaries transmitting it; two-party transactions without an intermediary fall outside, and licensing, net worth, and reporting run through the OFR.